Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$500,018$495,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,500$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$3,287.68$3,427.28
2nd payment$0.00$0.00
Taxes / mo$223.33$223.33
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$3,677.68$3,916.28
Cash to close$49,982$55,000